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KUALA LUMPUR (Oct 24): The ringgit has fallen to record lows in a matter of months, falling to a 17-year low of RM4.

We asked several property experts and agents on their views on the lack of changes or announcements on Real Property Gains Tax (RPGT) and Developers Interest Bearing Scheme (DIBS) for Budget2016.

PETALING JAYA: Several recommendations by the property sector have been incorporated in Budget 2016 but not sufficiently, says Paramount Corporation Bhd group CEO Jeffrey Chew.

Foo Gee Jen Managing director, CH Williams Talhar and Wong There was no reduction in real property gains tax (RPGT), so it was good.

KUALA LUMPUR (Oct 23): Mah Sing Group Bhd commends the various Budget 2016 initiatives including the reiteration of commitments to major infrastructure projects and measures to create more affordable housing.

KUALA LUMPUR (Oct 23): The Real Estate and Housing Developers’ Association (Rehda) is realistic about the economic challenges faced by the country and views Budget 2016 in a positive manner “Rehda acknowledged the fact that this is a challenging budget as the country’s major source of income from oil and gas industry was slashed.

It has been announced that RM200 million has been allocated under Budget 2016 to help first-time buyers pay a deposit on an affordable home.

KUALA LUMPUR (Oct 23): Budget 2016 did not provide any provisions for the middle-income group, where some were waiting for help to purchase their first homes.

KUALA LUMPUR (Oct 23): The median home value in Malaysia has hit the RM300,000 mark in the first half of 2015 (1H15), with Selangor, Penang, Sabah and Sarawak continuing to exceed the average price since 2004.

NILAI (Oct 23): TH Properties Group, a wholly owned subsidiary of Lembaga Tabung Haji, plans to launch Mahawangsa Square on Saturday Oct 24, with the selling prices starting from RM1,235,500.